/* The Economic Moat Atlas — scoped editorial collection. */
.moat-page{--moat-paper:#f4f4ed;--moat-panel:#fffef9;--moat-ink:#142c32;--moat-muted:#4e646a;--moat-line:#ced8d6;--moat-accent:#13666e;background:var(--moat-paper);color:var(--moat-ink)}
[data-theme=dark] .moat-page{--moat-paper:#0b1b24;--moat-panel:#102630;--moat-ink:#edf2ec;--moat-muted:#b2c8cc;--moat-line:#304750;--moat-accent:#6de3df}
.moat-page [hidden]{display:none!important}.moat-page section[id]{scroll-margin-top:85px}.moat-page p{line-height:1.75}.moat-page em{color:var(--moat-accent)}.moat-kicker{display:block;font:600 12px/1.6 var(--sans);letter-spacing:1.7px}.moat-button{display:inline-flex;align-items:center;justify-content:space-between;gap:25px;background:#bfecea;border:1px solid #bfecea;color:#06212a;padding:14px 22px;min-height:50px;font-size:15px;font-weight:600;transition:background .2s,transform .2s}.moat-button:hover{background:#e4fbf4;transform:translateY(-2px)}.moat-text-link{display:inline-flex;align-items:center;min-height:48px;font-size:15px;padding:8px 0;border-bottom:1px solid currentColor}.moat-actions{display:flex;flex-wrap:wrap;gap:12px 26px;align-items:center}.moat-hero{background:#061a27;color:#f3f5ed;position:relative;overflow:hidden}.moat-hero:before{content:'';position:absolute;inset:0;background:linear-gradient(115deg,transparent 55%,#12334555),repeating-linear-gradient(0deg,transparent,transparent 79px,#4d77730d 80px),repeating-linear-gradient(90deg,transparent,transparent 79px,#4d77730d 80px);pointer-events:none}.moat-hero-inner{display:grid;grid-template-columns:1.1fr 1fr;align-items:center;position:relative;padding-block:42px 35px;gap:0}.moat-breadcrumb{display:inline-flex;align-items:center;min-height:44px;font-size:14px;color:#bfd0d5;margin-bottom:32px}.moat-hero .moat-kicker{color:#e1bf79}.moat-hero h1{font-size:clamp(48px,5.4vw,79px);line-height:1.04;letter-spacing:-2px;margin:24px -40px 26px 0;position:relative;z-index:1}.moat-hero h1 em{color:#6ce0db;font-weight:400}.moat-hero-copy>p{font-size:23px;line-height:1.5}.moat-hero-copy p.moat-hero-intro{font-size:16px;max-width:455px;color:#b9ccd2;margin-top:18px}.moat-hero .moat-actions{margin-top:30px}.moat-hero-art{margin:22px -30px 0 0;position:relative}.moat-hero-art svg{width:100%;height:auto;filter:drop-shadow(0 15px 35px #0004)}.moat-art-note{display:block;text-align:center;color:#b0c5c9;font-size:12px;letter-spacing:.6px;margin-top:-30px}.moat-hero-foot{position:relative;display:flex;justify-content:space-between;gap:30px;padding-block:25px;border-top:1px solid #36505b;color:#c0cfd1;font-size:14px}.moat-hero-foot b{font-family:var(--serif);font-weight:400;font-size:32px;color:#e4c78a;margin-right:12px}.moat-chapter-nav{background:var(--moat-panel);border-block:1px solid var(--moat-line)}.moat-chapter-nav>div{display:flex;gap:35px;overflow-x:auto;scrollbar-width:thin}.moat-chapter-nav a{white-space:nowrap;font-size:13px;letter-spacing:.3px;padding-block:20px;min-height:60px}.moat-chapter-nav a:hover{color:var(--moat-accent)}.moat-intro{display:grid;grid-template-columns:.5fr 1.5fr;gap:60px;padding-block:100px}.moat-page h2{font-size:clamp(38px,3.4vw,52px);line-height:1.13;letter-spacing:-.6px}.moat-intro p{max-width:800px;font-size:18px;margin-top:24px;color:var(--moat-muted)}.moat-intro>.moat-kicker{padding-top:10px;color:var(--moat-accent)}.moat-section-heading{display:flex;justify-content:space-between;align-items:flex-end;gap:50px;margin-bottom:38px}.moat-section-heading .moat-kicker{color:var(--moat-accent);margin-bottom:18px}.moat-section-heading>p{max-width:345px;font-size:16px;color:var(--moat-muted)}.moat-mechanisms-section{padding-block:80px;background:var(--moat-panel);border-block:1px solid var(--moat-line)}.moat-mechanisms{display:grid;grid-template-columns:repeat(5,minmax(0,1fr));gap:22px}.moat-mechanism{min-width:0}.moat-mechanism>.moat-kicker{letter-spacing:.7px;min-height:40px;color:var(--moat-muted)}.moat-symbol{height:118px;display:flex;align-items:center;position:relative;gap:4px;overflow:hidden}.moat-symbol i{height:54px;width:54px;border:1px solid var(--moat-accent);border-radius:50%;background:color-mix(in srgb,var(--moat-accent) 7%,transparent)}.moat-symbol-network i{width:37px;height:37px;flex-shrink:0}.moat-symbol-network i:nth-child(odd){transform:translateY(-20px)}.moat-symbol-network:before{content:'';position:absolute;width:145px;height:1px;background:var(--moat-accent);transform:rotate(13deg)}.moat-symbol-switching i{border-radius:7px;transform:rotate(-25deg);margin-right:-27px;width:60px;height:40px;border-width:2px}.moat-symbol-scale{align-items:flex-end;padding-bottom:20px}.moat-symbol-scale i{width:28px;border-radius:0;height:30px}.moat-symbol-scale i:nth-child(2){height:45px}.moat-symbol-scale i:nth-child(3){height:65px}.moat-symbol-scale i:nth-child(4){height:90px}.moat-symbol-intangible i{position:absolute;left:40px;width:52px;height:52px;transform:rotate(45deg);border-radius:0}.moat-symbol-intangible i:nth-child(2){transform:rotate(45deg) scale(1.4)}.moat-symbol-intangible i:nth-child(3){transform:rotate(45deg) scale(.6)}.moat-symbol-intangible i:nth-child(4){display:none}.moat-symbol-specialist i{border-radius:2px;width:24px;height:65px;transform:skewY(-30deg);margin-right:2px}.moat-symbol-specialist i:nth-child(2){height:85px}.moat-symbol-specialist i:nth-child(3){height:52px}.moat-symbol-specialist i:nth-child(4){height:32px}.moat-mechanism h3{font-size:29px;line-height:1.1;margin-block:10px 16px;min-height:63px}.moat-mechanism>p{font-size:15px;color:var(--moat-muted)}.moat-page details summary{display:flex;justify-content:space-between;gap:12px;align-items:center;list-style:none;cursor:pointer;padding-block:14px;font-size:14px;font-weight:600;min-height:48px}.moat-page summary::-webkit-details-marker{display:none}.moat-page details[open] summary span{transform:rotate(45deg)}.moat-mechanism details{margin-top:16px;border-top:1px solid var(--moat-line)}.moat-mechanism details p{font-size:14px;padding-bottom:10px;color:var(--moat-accent)}.moat-method-note{color:var(--moat-muted);font-size:14px;line-height:1.7;margin-top:32px;max-width:1020px}.moat-method-note a{text-decoration:underline;text-underline-offset:4px}.moat-companies-section{padding-block:100px}.moat-tools{display:flex;gap:20px;align-items:flex-end;flex-wrap:wrap;border-bottom:1px solid var(--moat-line);padding-bottom:24px}.moat-filters{display:flex;gap:8px;flex-wrap:wrap;flex:1 1 700px}.moat-filters button{border:1px solid var(--moat-line);background:transparent;border-radius:50px;color:var(--moat-ink);padding:9px 15px;min-height:44px;font-size:14px}.moat-filters button:hover{border-color:var(--moat-accent)}.moat-filters button[aria-pressed=true]{background:var(--moat-ink);color:var(--moat-paper);border-color:var(--moat-ink)}.moat-search{display:flex;flex-direction:column;gap:6px;font-size:12px;color:var(--moat-muted);min-width:200px;flex:0 1 240px}.moat-search input{width:100%;min-width:0;min-height:46px;border:1px solid var(--moat-line);border-radius:0;background:var(--moat-panel);color:var(--moat-ink);padding:10px 12px;font-size:16px}.moat-results{font-size:14px;color:var(--moat-muted);margin-block:22px}.moat-company-grid{display:grid;grid-template-columns:repeat(3,minmax(0,1fr));gap:24px;align-items:start}.moat-company{background:var(--moat-panel);border:1px solid var(--moat-line);padding:28px;min-width:0;transition:border-color .2s}.moat-company:hover{border-color:var(--moat-accent)}.moat-company-top{display:flex;align-items:center;gap:13px;position:relative;padding-right:18px;min-height:64px}.moat-monogram{width:52px;height:52px;flex:0 0 52px;border-radius:50%;display:grid;place-items:center;background:var(--moat-paper);border:1px solid var(--moat-line);font-family:var(--serif);font-size:25px;color:var(--moat-accent)}.moat-company h3{font-family:var(--sans);font-size:21px;line-height:1.25;font-weight:500;letter-spacing:-.6px}.moat-ticker{font-size:12px;letter-spacing:1.2px;color:var(--moat-muted);margin-bottom:4px}.moat-index{position:absolute;right:0;top:0;font-size:12px;color:var(--moat-muted)}.moat-tags{display:flex;gap:5px;flex-wrap:wrap;margin-block:22px}.moat-tags span{font-size:12px;padding:3px 8px;border:1px solid var(--moat-line);border-radius:3px;color:var(--moat-muted)}.moat-company h4{font:400 29px/1.15 var(--serif);margin:0 0 18px;letter-spacing:-.3px}.moat-company>p{font-size:15px;color:var(--moat-muted)}.moat-company details{margin-top:22px;border-top:1px solid var(--moat-line)}.moat-detail h5{font-size:12px;text-transform:uppercase;letter-spacing:1px;color:var(--moat-accent);margin:18px 0 8px}.moat-detail p{font-size:15px;color:var(--moat-muted)}.moat-detail ul{list-style:none;margin:0;padding:0}.moat-detail a{display:inline-block;padding-block:10px;min-height:44px;text-decoration:underline;text-underline-offset:4px;font-size:14px;overflow-wrap:anywhere}.moat-empty{padding:50px;border:1px dashed var(--moat-line);text-align:center}.moat-empty h3{font-size:32px}.moat-empty p{margin:16px}.moat-poster-section{background:#051724;color:#eff5ef;padding-block:90px}.moat-poster-section .moat-kicker,.moat-poster-section .moat-section-heading .moat-kicker{color:#dfbd77}.moat-poster-section .moat-section-heading>p,.moat-poster-section .moat-method-note{color:#b7ccd2}.moat-poster-grid{display:grid;grid-template-columns:repeat(3,minmax(0,1fr));gap:48px 28px}.moat-poster{margin:0;min-width:0}.moat-poster-open{display:block;position:relative;border:1px solid #2a5865;overflow:hidden;background:#00121d}.moat-poster-open img{width:100%;height:auto;transition:filter .2s}.moat-poster-open:hover img{filter:brightness(1.12)}.moat-enlarge{display:flex;justify-content:space-between;background:#133541;color:#ecf7f2;font-size:14px;padding:13px 16px;min-height:46px}.moat-poster figcaption{padding:22px 2px 0}.moat-poster figcaption h3{font-size:30px;line-height:1.18;margin:10px 0 13px}.moat-poster figcaption p{font-size:14px;color:#bacdd2}.moat-poster figcaption p+p{margin-top:5px}.moat-poster figcaption a{display:inline-flex;align-items:center;min-height:44px;font-size:14px;color:#bcece8;text-decoration:underline;text-underline-offset:5px;margin-top:10px}.moat-price{display:grid;grid-template-columns:1fr 1fr;gap:80px;padding-block:110px}.moat-price h2{margin-block:20px 25px}.moat-price>div>p{color:var(--moat-muted);margin-top:18px}.moat-valuation{background:var(--moat-panel);border:1px solid var(--moat-line);padding:32px}.moat-valuation-input{display:flex;flex-direction:column;gap:5px;padding-block:26px;border-bottom:1px solid var(--moat-line)}.moat-valuation-input>span:first-child{font-size:14px;color:var(--moat-muted)}.moat-valuation-input>strong{font:400 50px/1.3 var(--serif);color:var(--moat-accent)}.moat-valuation-input>span:last-child{font-size:14px;color:var(--moat-muted)}.moat-valuation-rows>div{display:grid;grid-template-columns:1fr auto;gap:4px 15px;padding-block:20px;border-bottom:1px solid var(--moat-line)}.moat-valuation-rows span{grid-column:1/-1;font-size:14px;color:var(--moat-muted)}.moat-valuation-rows strong{font:400 28px/1.5 var(--serif)}.moat-valuation-rows b{font:400 28px/1.5 var(--serif);color:var(--moat-accent)}.moat-valuation-rows>div:last-child b{color:#ba6549}[data-theme=dark] .moat-valuation-rows>div:last-child b{color:#f0ac8c}.moat-price .moat-valuation>p{font-size:14px}.moat-checklist{border-top:1px solid var(--moat-line);padding-block:65px;display:grid;grid-template-columns:.85fr 1.15fr;gap:80px}.moat-checklist h2{margin-top:20px}.moat-checklist ol{padding:0;margin:0;list-style:none}.moat-checklist li{display:flex;gap:20px;padding-block:20px;border-bottom:1px solid var(--moat-line)}.moat-checklist li>span{font:400 26px/1.5 var(--serif);color:var(--moat-accent)}.moat-checklist h3{font-size:26px;line-height:1.3}.moat-checklist p{font-size:15px;color:var(--moat-muted);margin-top:7px}.moat-end{text-align:center;padding-block:60px 90px}.moat-end>p:first-child{font-size:15px;color:var(--moat-accent);margin-bottom:20px}.moat-end .moat-actions{justify-content:center;margin-top:30px}.moat-end .moat-disclaimer{max-width:760px;margin:32px auto 0;font-size:14px;color:var(--moat-muted)}
.moat-promo{background:#071d2a;color:#edf6ef;display:grid;grid-template-columns:1.15fr 1fr;align-items:center;border:1px solid #31545b;margin-block:25px 70px;padding:45px 50px;position:relative;overflow:hidden}.moat-promo .moat-kicker{color:#e0bd75}.moat-promo h2{font-size:clamp(36px,3.6vw,51px);line-height:1.1;margin-block:18px}.moat-promo em{color:#6cded8}.moat-promo p{font-size:16px;max-width:510px;color:#bfd0d4;margin-bottom:25px}.moat-promo-art{margin:-90px -30px -90px 20px}.moat-promo-art svg{width:100%;height:auto}
#moat-lightbox{width:min(1000px,96vw);max-width:96vw;height:94vh;max-height:94vh;background:#071d2a;color:#edf5ef;border:1px solid #477480;padding:0;overflow:hidden}#moat-lightbox[open]{display:flex;flex-direction:column}#moat-lightbox::backdrop{background:#000d;backdrop-filter:blur(5px)}.moat-lightbox-bar{display:flex;gap:16px;align-items:center;justify-content:space-between;padding:12px 20px;border-bottom:1px solid #36505b}.moat-lightbox-bar h2{font-family:var(--sans);font-size:18px;line-height:1.3}.moat-lightbox-bar button{background:none;color:#fff;border:1px solid #477480;font-size:30px;width:44px;height:44px;flex-shrink:0}.moat-lightbox-scroll{overflow:auto;flex:1;min-height:0;overscroll-behavior:contain}.moat-lightbox-scroll img{width:min(864px,100%);max-width:none;margin:auto;display:block}.moat-lightbox-foot{padding:12px 16px;display:flex;gap:12px;align-items:center;justify-content:space-between;border-top:1px solid #36505b;font-size:14px;flex-wrap:wrap}.moat-lightbox-foot button,.moat-lightbox-foot a{border:1px solid #477480;background:none;color:#d4eee9;min-height:44px;padding:9px 14px;display:inline-flex;align-items:center}.moat-modal-open{overflow:hidden}
@media(max-width:1100px){.moat-mechanisms{grid-template-columns:repeat(3,minmax(0,1fr));gap:40px 28px}.moat-mechanism h3{min-height:0}.moat-company-grid{grid-template-columns:repeat(2,minmax(0,1fr))}.moat-price{gap:35px}.moat-hero h1{font-size:60px}.moat-hero .moat-actions{gap:15px}.moat-hero-art{margin-right:-10px}.moat-checklist{gap:40px}.moat-promo{padding:35px}.moat-promo-art{margin-right:-40px}.moat-poster-grid{grid-template-columns:repeat(2,minmax(0,1fr))}}
@media(max-width:740px){.moat-hero-inner{grid-template-columns:1fr;padding-top:20px}.moat-hero h1{font-size:clamp(45px,8.7vw,64px);letter-spacing:-1.3px;margin-right:0}.moat-breadcrumb{margin-bottom:20px}.moat-hero-copy>p{font-size:21px}.moat-hero-art{margin:-15px auto 5px;max-width:480px;width:100%}.moat-art-note{margin-top:-15px}.moat-hero-foot{gap:16px;flex-wrap:wrap;justify-content:flex-start;padding-block:20px}.moat-hero-foot span{font-size:13px}.moat-hero-foot b{font-size:26px}.moat-hero-foot span:last-child{flex-basis:100%}.moat-chapter-nav>div{gap:25px}.moat-intro{grid-template-columns:1fr;gap:22px;padding-block:60px}.moat-intro p{font-size:17px}.moat-section-heading{display:block}.moat-section-heading>p{margin-top:22px;max-width:100%}.moat-mechanisms-section{padding-block:55px}.moat-mechanisms{grid-template-columns:repeat(2,minmax(0,1fr));gap:30px 25px}.moat-mechanism h3{font-size:29px}.moat-companies-section{padding-block:60px}.moat-company-grid{grid-template-columns:1fr}.moat-company{padding:25px}.moat-company h4{font-size:33px}.moat-company>p{font-size:16px}.moat-search{flex:1 1 100%}.moat-poster-section{padding-block:60px}.moat-poster-grid{grid-template-columns:1fr;gap:45px}.moat-poster{max-width:480px;margin-inline:auto;width:100%}.moat-price{grid-template-columns:1fr;padding-block:65px;gap:30px}.moat-valuation{padding:25px}.moat-checklist{grid-template-columns:1fr;gap:25px;padding-block:50px}.moat-end{padding-top:30px}.moat-end .moat-button{text-align:left}.moat-promo{grid-template-columns:1fr;padding:30px 25px;margin-bottom:50px}.moat-promo-art{max-width:380px;margin:-20px auto -40px;pointer-events:none}.moat-promo .moat-button{position:relative;z-index:1}.moat-lightbox-bar{padding:10px}.moat-lightbox-bar h2{font-size:16px}.moat-lightbox-foot{gap:8px;font-size:13px;padding:8px}.moat-lightbox-foot button,.moat-lightbox-foot a{padding:8px 10px}.moat-lightbox-foot a{order:4;width:100%;justify-content:center}}
@media(max-width:420px){.moat-page .wrap{width:calc(100% - 36px)}.moat-mechanisms{grid-template-columns:1fr}.moat-mechanism{border-bottom:1px solid var(--moat-line);padding-bottom:15px}.moat-symbol{height:105px}.moat-mechanism>.moat-kicker{min-height:0}.moat-mechanism>p{font-size:16px}.moat-filters button{font-size:13px;padding-inline:13px}.moat-company{padding:22px}.moat-company h3{font-size:21px}.moat-page h2{font-size:38px}.moat-hero h1{font-size:47px}}
@media(prefers-reduced-motion:reduce){.moat-page *,.moat-promo *{transition:none!important;scroll-behavior:auto!important}}

.moat-lightbox-scroll.moat-zoomed img{width:864px;max-width:none}.moat-lightbox-foot #moat-zoom[aria-pressed=true]{background:#bfecea;color:#06212a}